Answer:
False
Explanation:
A Gantt chart is named that way because it was originally developed by Henry Gantt. A Gantt chart represents a project schedule and it depicts the relationship between the activities that are being carried out and their schedule status. It includes the start and finish dates of the project's main activities, tasks, dependencies and milestones.
The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.
<h3>What is
Doubtful Accounts?</h3>
It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."
The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.
Thus, option B is correct.
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Answer:
b. $7,200,000
Explanation:
Common stock of $5,400,000
Retained earnings of $2,000,000
Unrealized losses on available-for-sale securities (<u>$200,000) </u>
Stockholders' Equity $7,200,000
Unrealized gains on trading securities of $100,000 is not being added to the stockholders equity because it has been charges in profit and Loss statement and it is reflected in the net Income which is already been included in retained earning. Only Unrealized losses on available-for-sale securities of 200,000 is reported in the Stockholder's equity under separate head in the balance sheet.
Answer:
Fink's revenue from insurance premiums for the current year is: $13,500,000
Explanation:
Insurance premiums recognised for the current year -
Insurance collected + Beginning Deferred premiums account - Ending Deferred premiums account
= $ 17,900,000 + 4,000,000 - 8,400,000 = $13,500,000
